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and global bill village we live in. it is an investment to keep this global commerce going. and so. without that investment we can only speculate what might happen if we weren't here. melissa: i think it is fair to say without the strength of the u.s. navy patrolling these vital commercial sea lanes we would be seeing even more dramatic swings in price flush wages -- fluctuation in the oil market. >>> how crucial are the u.s. efforts in protecting the strait of hormuz for the world's oil supply? i spoke to fadel gheit who knows every aspect of the oil industry from his work as an engineer with mobile oil. he is now one of the most respects oil analysts on wall street and here is what he has to say. fadel, thanks so much for joining us. if the iranians followed through on the threat to close the strait what is your bet would happen to the price of oil that instant. >> think can try but they can't actually do it. the answer is no, the probability would be very low. and basically if we have any military action in this part of the world one would expect that crude oil prices would rise very sha
of commerce for international trade. always a pleasure to see him. thanks for coming in. >> thank you, david. david: what do you think about all the reports about the china slowdown? >> it is true china is growing less than its peak rate but will still be a very healthy at 7%. the important point, david, if the economy is growing at 7%, consumer spending is growing probably at 30% or so. david: when i hear numbers, as much as you deal with the chinese government you have to be skeptical of these numbers when you hear them, right? >> i think it is very hard to get precision in these numbers but we know there is a lot of good news in the consumer space when yum announces it opened its 4,000th kfc restaurant in china. when starbucks says china will be the second largest market after u.s. when great companies like pepsi and nike are hitting 30% growth rates we know there is a lot of good news in the consumer products sector in china. david: we do know that good news but there is also other news coming out. of course federal express telegraphed that a couple weeks ago when fred smith came out. fe
for fashion. launching the first contest for commerce sites. joining me now in a fox business exclusive, john hayes, chief marketing officer at american express and carol smith, harper's bazaar publisher and chief revenue officer. i cannot begin to explain how much we appreciate you being here. you must be so busy, what is it like? >> i it is a little crazy. first dead silent on september 3, labor day, nobody is around and the next day all hell breaks loose. but right now it is being directed towards the launch of shop bazaar.com. let's talk about this. >> let's start with the business model. buyers and sellers, bringing them together in unique ways, that is what our business is about. so here we have a great opportunity to give the customers who love fashion and opportunity to be inspired by the content and the access to the items as well. liz: you are known as targeting a more affluent customer. when i look at your magazine it is aspirational as well. how will it be different from what is already out there? a lot of people are used to going to those sites, how will you grab the customers? >
to of commerce secretary joining us on "after the bell" as an economic adviser to mitt romney. he will break down how the presidential candidate plan to create 12 million jobs. david: first, we'll tell you what drove the market with today's data download. a mixed bag with the of only index ending higher, telecom and consumer staples, the top performers, as we mentioned. russell 2000 was also higher. materials was the day's biggest lagger. adelle had been down more than 100 points in earlier trading. gold, do you see what happened? surging two of 5-month high on hopes of more action from global central banks when the print more money, more cash, more currency, the price of gold goes up. the precious metal pushed past $1,700 an ounce before falling ahead of the closed. manufacturing activity dropped for the third month in a row in august falling to 49. weak consumer spending, and the decline of business orders for large machinery. liz: in the pits of the chicago mercantile exchange. they are ready to duke it out in our street fight. let's start with larry at the cme. the first thing i saw this morn
venues. get away from the rallies and talk to, you know, the cincinnati chamber of commerce. he should be -- lou: excuse me? wait a minute, brad, with all do respect, that would be an electric moment in electoral history if he were to move to the chamber of commerce. i respect the judgment mightily, but that one -- >> he needs to speak to serious people at serious venues to talk policy. you don't get that across at a rally or across to the people in a 30 second sound bite. lou: the polls, do they agree on the strengths and weaknesses? do they reveal that? you talk about the seriousness of a moment in which it's captured for free media, but the reality is that there are strengths and weaknesses, it seems, at work here, otherwise, there would be, i suppose, an outright tie between the two. chris, are there stengths that are being revealed here? weaknesses revealed on all of the polls? >> yeah, here's something to keep very much in mind. here's how the electorat looks different in 2008 and 2010 -- lou: i want to be clear, not for the elective, but for the strengths and weaknesses of the t
rich trumka say. >> we invest in roads, bridges, and infrastructure and every chamber of commerce i've met throughout our country believes we need to do more. >> here is what i need. i need a partner. what i've done here, cut taxes, streamline government. reduce regulation, if i did that with this, think how many jobs we're going to create. >> all right. now, you've got to sense where each side is coming from. to ben stein, sandra smith, charlie gasperino what, do you think. >> i'm biased, i believe in business, i believe in pro growth policies and that's what it is. business versus-- big business versus big welfare, i've seen them both up close and personal and i tell you big welfare is destructive and stops innovation and that's what big government is, by the way. >> neil: so you're for obama. (laughter) >> that blew me away i worked hard for it, but we spend it. that's ridiculous, that's crazy. and i just don't get it. by the way, i thought the democratic convention was so mean-spirited, so anti-american, that it's hard for me to believe this country is tilting in that direction
of regulations, many more could follow. business groups like chairman ber of commerce are try -- chamber of commerce are trying to warn voters about it, is it trtoo late, after this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verin. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it. verizon. more 4g lte coverage than all other networks combined. >> he in
this global commerce going. and so without that investment, we, you know, we can only speculate what might happen if we weren't here. melissa: and let's speculate about that right now. what would turmoil in the strait mean for the price you pay at the pump? joining me oppenheimer and company senior oil analyst fadel gheit. thanks so much for joining us. if the iranians did follow through on their threat to close the strait, what is your bet what would happen to the price of oil that instance? >> they can try but can they actually do it? the answer is no. the probability would be very low. basically if we have any military action in this part of the world one would expect the crude oil prices would rise very sharply but it will be very short-lived because of why the fundamentals means oil prices should be close to 80, not close to 100. melissa: let's flesh out a couple things you said there. when i was talking to the commanding officer and as well as everybody out there in the strait they had different answers as to how long they thought the iranians would be able to shut down that little 1
'll do. there is a lot of commerce that flows through the area. we're out there showing that that commerce can get through. melissa: yeah. so much oil flows through this region it is essential. what is it like when they come check you out? >> it is actually pretty neat to see what that is. we have had the russians as well swris tinge us. it is always interesting to see, you hear the stories of the big bad wolf, but when you see the people close and in perp and ships alongside, normal sailors like yourself a lot of times sailing alongside looking across, looking across the water from each other. actually, brings it closer to home. melissa: what's the impression, what kind of impact do you make on them? >> i imagine we bother them a little bit that we go through each time and, i know they get on the radio or they make their, their announcements in their news how they dislike it. and i imagine no country likes that with so much american presence or any other coalition presence going through here. melissa: what do you think is the impression that the fleet gives off? what is
that his inclusive message to latinos, like the one he delivered this has been a chamber of commerce is beginning to resonate. >> they see that ours is the party of opportunity. the party that will restore america's prosperity and convinced the republican party is the rightful home of hispanic americans. lou: good news for governor romney in the and the fox news poll. among those described as extremely interested likely voters, the race is effectively a dead heat in key swing states. the romney campaign taking a one-point lead in ohio, tied with the president in florida, down two points, which is within the margin of error in virginia. we will be taking all of that up tonight with wall street legend lew lehrman and we will have breaking details, new evidence and testimony contradicting just about everything that the obama administration has been telling the american people about the murder of ambassadors -- ambassador stevens in benghazi and a senior antiterrorism official directly contradicting the obama administration, calling the assault an act of terror. former cia officer and pu
on by the u.s. chamber of commerce and we made sure that we were there. this from the experience, i know that veterans tend to do well in our careers. usually it is just a matter of letting them know all the different opportunities that are out there. giving us a chance to get them into our interviewing process. neil: i know you remind folks given the discipline and organization of the veterans in general, that they are of interest to employers because they are very loyal. for another thing, they worked their butts off. is that message getting through? >> i think that it is. i think in our career, especially having daily disciplines, it serves them very well and the financial services field. they have a sense of service. they join the military to protect the country and they serve the nation. now, in our field, they really serve our communities. one family, one business at a time. we find that just that reliability, that discipline, that willingness to serve others, it always serves them really well and serves our policy is part of our field force. neil: why is unemployment higher than t
with the commerce you might talk about the range of $50 billion. but in fact, the number is much smaller roads and bridges. but it seems that is all we talk about something the government does less off -- less of more of a grandiose scheme. >> because then we have a heartwarming stories that is one small productive part it was about one out of 1,000 shots of a productive use to think a fraction of the money going to the intended purpose. one hell of a price to pay. >> legislating to the one out of 1,000. you can provide for who has a pre-existing condition. there are better ways out there. but to interfere with their buddies consumption or insurance plan with the insurance mandate, you have to have the particular kind. to do that it seems it is the world turned upside down neil: thank you. our editor from washington. >> his crime from north america. >> of the crisis that is a crisis for us. neil: the richest guy inf france said the french are fried. he was the luxury goods maker of louis vuitton as fast as you can say escargot opening shop in belgium not because the top tax rate is 75% but on
like chairman ber of commerce are try -- chamber o >> he indicated he wants to raise taxes could raising taxes on a small business, that will kill jobs, the president is pore owing borrowing a trillion dolls more we take every year, a pathway that looks more european than american, many are drawn to, i think they are wrong, they do not recognize it is not good for america at large, 100% of americans in my view will do much better if we live by a government established by founding fathers, one based upon freed am anfreedom and opportun. neil: charlie -- charlie gasparino on the phone with me, saying that is not just all obama all the time. charlie, explain that. why do you think that the supposition he lost half of the country is wrong. >> break down who is in that 47%, a lot of people to believe that big government is the way to go. maybe economically say subsift on welfare. but a lot of people in that 47% are people that want to preserve their paycheck that excuse mes from government pensions, cop, firemen, other retirees, they understand that the enormous growth of the welfare
size companies. to the local chambers of commerce as opposed to u.s., there is a cleaving underway. neil: what does that mean? >> we've been friends and have these conversations we come down to a conclusion that only thing that is good for the country is a vibrant middle class, the multinational corporations did not fully represent that vibrant middle class. neil: is that a fair rap? >> sure, where has job offshoring come from? the multinationals not the sme's. neil: you think this president, what he is doing is the right direction? >> i think the alternative to bainize this economy, which is what governor romney would have us do. neil: what is wrong with that? >> you can't fix that unemployment conundrum. neil: and the government can. >> we have reached a tipping point. no matter who is in charge will not be able to fix the structural breakage in this economy. there is an appropriate partnership, we may give or terms and specifics but no beard with a thoughtful mind could say that private sector alone would lift this economy back to where it belongs, there are certain government a
have the head of the chamber of commerce and special guests next. ashley: today's winners and losers. ashley: commodities beat equities, bonds and the u.s. dollar public its second consecutive month the longest streak in the year. will the trend continue into september. sandra smith joins us with today's trade. sandra: that is the big question. where's the money going to go the rest of the year? commodities last couple months, is the money going to go into the car for the last two month? >> we will see a rally in commodities especially greens. they have the seasonal cycle will back and traders think a lot of quantitative easing there is no audit on the fed or anything so people think there's money going into the market. sandra: weaker u.s. dollar and higher commodity prices. oil 115 by the end of the year and $9, are these practical forecasts in your opinion? >> on the grain side it is. the job is turning through that hitting an all-time low but as far as oil, 115 is aggressive and you won't see that number without quantitative easing 3. >> precious-metals are heating up. gold has be
. construction spending fell in july from june by the largest amount in a year. according to the commerce department spending slipped 0.9%. you as automakers with strong sales in august. sales for general motors of 10% on year over year basis. ford rebounded with sales up 13% compared to year ago. chrysler topped estimates as sales rose 14% from last year marking that company's best august sales in five years. that is the latest from the fox business network giving you the power to prosper. [ male announ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. serve >> will be a big week for europe. market's closing up and ashley webster has the details. >> it promises
with the consequences. ashley: right over the top. and facebook is getting into the e-commerce business. allowing you to send real gifts to your virtual friends but the question is, will it be a gift for company shareholders? we'll be asking an analyst. tracy: don't get that virtual stuff. anyway, top of the hour. time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were just talking about it. spain kind of helping us back again today, huh? >> that's right. when we talk about spain again, spain again and that sometimes hits our markets but today we'll say it's spain again but in this case it is good news that the bank stress tests came in better-than-expected. they weren't as bad as they could have been. of course there are still banks that need to raise more capital and such but overall, it was pretty good news. so what you saw was that the dow came up off the lows. it almost hit that unchanged line. it was down over 100 points. we're looking at longer term charts here. this is a one-month chart. for the one-month we're up almost 3%. fo
have always said that change takes more than one term. lou: but can we afford another term? commerce department today revising real second-quarter gdp growth down to an anemic 1.3%. down from the previous of 1.7%. it is the lowest reported growth rate since the third quarter of last year. bad news in the manufacturing sector as well. orders for durable goods plunged more than 13% in august. since the month president obama took office, much worse than economists had feared. alan krueger writing that we are making progress and the last thing we should do, said this economist, is returned to the economic policies that failed us in the past. his predecessor in the white house, austan goolsbee had predicted earlier this year that economic growth is your own 10 year would be a big obstacle to the president's reelection. >> i would say if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will
creation. norelco held near two-year highs. according to the commerce department, sales fell to a seasonally-adjusted annual rate of 373,000 which was below what economists were looking for, meanwhile, home prices jumped to their highest levels in more than five years. and greece's international lenders are at odds over how to solve the country's debt crisis. the imf has been pushing to restructure greek's debt owed to foreign creditors. e.u. leaders prefer to give greece more time to meet bailout goals. well, here we are at 30 minutes to go, actually, 20 minute toss go. of let's get a check on the markets with nicole petallides at the new york stock exchange. you've got one of today's top s&p 500 movers. what do you have? >> reporter: oh, yeah. taking a look at dean foods, right? i pulled it up nice and big for us. it's up a full five percentage points right now. dean foods clearly a winner on the s&p 500, and why is that? because they are confirming that they are scoring a potential sale of their morningstar dairy operations. as a result, you see that being a winner. a lot
of navigation occurs through that very critical strait. it is well-known the amount of trade and commerce that goes through there. so just take a look what goes through there. liquified natural gas, huge product that comes out of the country of qatar. oil products imports, exports. not only impacts the united states but very much asian countries. japan gets 3/4 of all her fuel and resources from this region. china 50% of all her resources. so our job here is just make sure that stays open. we do have resources to do that. we go through the strait of hormuz not necessarily looking but making sure we're continuing to move back and forth and everybody has freedom of navigation through that route. >> you mentioned how much oil and liquified natural gas and fuel, asia gets through the straight. some made the argument they should be the ones out here patrolling. how do you feel about that? >> we have the resources to do it. it is a global economy. it is not just about our navy. you heard this line saying we're a global force for good. it isn't just for the united states. it is for the world. ad
. the three big boys, staples, officemax, office depot made up the top 10 of online e-commerce companies. there was a big opportunity. liz: you say women. this is for kids and guys wouldn't mind a little color in the offices. look at these staplers. almost every product you guys have comes in a choice of 10 different colors. >> yes. liz: tell me about that. >> we started what we call the poppin palate. starts with 10 basic colors. same way you wan accessorize your home or accessorize your outfit we give folks tools to accessorize the places they work. whether a student, male, female, heading off to the university of tennessee, perhaps you want to outfit your desk with orange and white. liz: i get it. >> maybe started at sweet 'n low and want a pink stapler on your desk. a lot of choices to really express yourself. that is what the brand is about, personal expression in the workplace. liz: talk about companies already on board actually buying from you. chanel, pandora, they're buying office products from you. linkedin. there is theme here. fashion forward or very edgy, correct? >> fashion
based on the north american free trade agreement that promoted much greater commerce between mexico, the united states, and also canada. >> do you feel we are on pace to have enough open trade in this country, and then there are people on both sides of the aisle to get very touchy about trade with china. >> i think sometimes they get a pretty bum rap. we have trade agreements with colombia and south korea and with panama. that was a very important development. colombia, a country that is just really coming through a very difficult internal war, they need that kind of trade. and they are a real model country in terms of economic development. china, we have some issues at the moment. we have some issues with russia. but in the long run, yes, i believe that further liberalize trade with the rest of the world by protecting our intellectual property and those kinds of things, we have to pursue that. liz: ambassador john negroponte. ambassador to the philippines as well. thank you very much for joining us. a perfect segue. coming up in the next hour, we have the former president of colomb
. mixed bag on the housing front. the commerce department reported median home prices are at highest level since 2007. august's 17% year-over-year leap is the biggest for the howing market since september of 2004. however new home sales did slide. worries of global growth in europe sent oil prices tumbling 1 1/2% settling below $90 for the first time in august. just as the president of iran wraps up his visit to the u.n. here in new york, a new investigation reveals that the largest oil trading firm in the world is buying and selling iranian oil practically at will. what about the sanctions imposed by both the u.s. and the european union? are they worth the paper they're even written on? i'm joined by stuart holiday, former ambassador to the u.n. and president and ceo of meridian international center. thank you so much for joining us, ambassador. we appreciate it. >> thank you. melissa: this story is really amazing. there were a bunch of fantastic reporters over at reuters who dug this up and they were able to track this oil that was sold by iran to vitale, which is a swiss company. they d
into local commerce. similarly amazon built up hundreds of customers and had the relationship to build up books and music and all those categories. liz: i remember how they did that can they survive on books. >> they have proven that one out. liz: sim, good to see you. we'll watch you continue to prove yourself. great to see a company growing. are you hiring, really quickly? >> yeah, we continue to hire well into the foreseeable future. liz: cofounder and ceo, tim shaughnessy. david: good stuff, cheap tickets. i phone 5 sales coming in way below analyst expectations. will a drop in apple's stock continue or will it be up again tomorrow? we'll explore that next liz: most people think this is great. apple's iphone find topping sales. david: they still fell short of analyst estimates. you have the expectations if it doesn't meet it. then there's a problem. fox business's lauren simonetti has the details. >> it is expectations. it is kind of a silly story, right? they sold more than five million in opening weekends. what analysts were expecting sometimes double. if you look what gene munster
for millionaire we invest in roads, bridges and infrastructure, and under pinning of our commerce, and every chamber of commerce i met believes we need to do more of. neil: you can make a compelling argument, would you run for president? >> i'm committed to help obama win reelection. neil: i heard people say you are looking good for 2016. >> that is very nice, i have not spent a lot of time thinking about it. i appreciate you bringing it up, everyone tweets my mom --o that. neil: he did deliver a powerful speech here. it did get the crowd moving, when we come back, richard bloomenthal from connecticut. when they talk about how tight this race is, it is not only in the swing states, richard bloomenthal after this. ♪ ♪ i can do anything ♪ i can do anything today ♪ i cano anywhere ♪ i can go anywhere today ♪ la la lla la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything solutionism. the new optimis neil: welcome back to the demo
and the commerce department blames the drought in the midwest, i don't think so. up next, mitt romney sets up a trust for his grandkids, pays a lot less in taxes, legal. but why is he getting critici d criticized? manager, ed butowsky. . stuart: the company that makes the blackhawk helicopter cutting 570 jobs. defense companies like sekorski make more in anticipation of more defense spending cuts after the first of the year. sekorski down 570 jobs. mitt romney avoided much of -- a lot of taxation when he set up a trust to give millions to his grandchildren. perfectly legal way to take care of his heirs, he's criticized for it. ed butowsky with chapwood investments. what did he do, did he avoid tax or minimize tax? >> he took advantage of exactly what the tax code was, he didn't avoid it, he delayed it. it's important for people to understand. a lot of tax planning goes into when you're a wealthy individual and we applaud he took money-- excuse me took stock and low cost basis into a trust. a republican or democrat you can do that. what he did at that point no money was taxed at all on that,
this year, the performance, the cost savings that are being realized by our commerce is why they're back ordering a second and third time. we see a niche opportunity for electrification in urban delivery and i think our customers will realize the product today is absolutely the product for them. stuart: you're down to $800,000 cash. no, that was in june. we've raised 15 million since then, raise another round in the balance of the year, so, no, i mean, that was a quarter to ending balance right before we brought in another round of capital. stuart: that was by the way-- >> very, very consistent. stuart: it was private equity that put the money in, right. >> absolutely. and that's how we've raised all of our funding to date. private equity. stuart: it wasn't bain capital was it? >> it was not. stuart: look, brian hansel ceo of smith electric, we appreciate your being here, thank you, sir. >> thank you. stuart: let's move on to something entirely different. queen elizabeth and her entire family live in a palace, got it live a lavish life style. and only costs a year, and we'll look at pre
that just yesterday by going to the u.s. hispanic chamber of commerce, and he did get an overwhelmingly a good response from them. stuart: we hear you, jennifer. governor romney is making progress and chipping away at president obama's leadership amongst hispanics. we appreciate you being with us. thank you jennifer. >> thank you very much, have a good day. stuart: you need to raise a point about what romney also said in that release. charles: part of the tape, he sort of mentioned his family having lived in mexico if he had been born of mexican parents running for president would be a lot easier. stuart: that's what he said? charles: spin will be put on it obviously. here's a guy who was born with with silver spoon not understanding the plight of hispanics or whatever. stuart: okay. next new evidence in the case of the interim mayor of costa mesa california who battled the police union and then was falsely accused of drunk driving. a union defender will respond to a l.a. time's report that backs up the mayor's claims. will he change his tune this time? >> show me the cases where that h
% unemployment. twelve.8% unemployment in st. lucie county. the chamber of commerce, stewart and jensen beach and palm city and martin county. they do not look to grow and expand and i don't know what the president is talking about. stuart: what do you make of what the president said last night. your opinion on that. he said cut the deficit over the next ten years. create a million new manufacturing jobs in four years, cut oil imports in half by 2020 and have 100,000 new math and science teachers. >> the stimulus was supposed to help us hire a bunch of teachers and that is not the important part of the federal government and more of a payback to the national education association and a lot of manufacturing jobs he is looking to create. not right to work states like florida and we remember what the administration did as far as going after boeing when they tried to open a plant in south carolina. the president said he would cut the deficit in half and what have we seen? four straight years of toil and dollar deficit of $1.2 trillion and when you look at fiscal year 2013 budget the debt that he
? we have a prime example right here in the center of america commerce. that's next. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. charles: israel is always a lightning rod politically. but it's also become crucial place for investing, especially in pharma and high-tech. adam shapiro is live at the innovate invest israel conference in manhattan. adam, newscorp chairman and our boss rupert murdoch is speaking to kick this event off, huh? adam: he did kick the event off. he did speak to the people who have gathered here. actually quoting fr
, location services and commerce game. they're bringing proprietary app. that is big thing. lori: android razr, iphone 5 next week. is the market shaking up little bit for these smartphones? is apple, can the lumina product be an iphone killer, if you will or will we see the pie split up into more even pieces? >> i think it will work more like the xbox than a real home run. what i mean by that, they stuck with it, kept delivering, innovated over time to become a competitive product. i think that is what will happen here. but the market is pretty much consolidating. i don't think there is a lot of room for a lot of new entrants coming in. if you're not in the market by 2013 and not established it will be difficult. lori: you're still on board with microsoft entering into the mobile device marketplace. this strategy of hosting this event today, so apple-like . what do you think of that strategy? high security. ballmer make as surprise appearance. trying to be wannabes to apple, right. >> right. i don't know if it is wannabes, what the market responds to. the market responds to flash, it res
law, a death nail for state businesses, that according to the california chamber of commerce urging governor jerry brown to halt the start of the new cap-and-trade program on november 14th, a billion dollars from businesses will be levied # according to the california air resources board. october 1st, if you stop in a san fransisco grocery store, be prepared for byob, bring your own bag. in an attempt to bring the environment together, you bring your own bag, or you're charged 10 cents. the cost of treating the scorpion bite in arizona is cheaper. hospitals lowers costs up to 80% for the anti-venom treatment after a woman was charged $83,000 for one doze. it's produced in mexico, sells for $100 a dose there, but $83,000 in arizona. that is your west coast minute. dennis? >> thank you, cheryl. there's a chill in the air, and i'm not talking about the first day of fall, tomorrow, but it's the upcoming third quarter earnings season that could give wall street a shiver. cheryl: moms bombarded for ads by diapers, formula, and toys, but now there's an adult friendly product on the demogra
want out of these relationships longer-term? we want stability. we want free trade and commerce. we want the trade routes open. we want help on counterterrorism. we would support for our alliances in the region above all israel and that means each of the. it means to live up to commitments. if it doesn't we need to talk about how to withdraw financial. connell: you don't think or how do you think president obama for whom you worked as ambassador to china in your most recent position because you ran for the republican nomination for president this time around but how do you think president obama has handled things since the news broke and does he need to be more aggressive in dealing with these host countries? >> there was an appropriate expression of condolences toward the families who lost loved ones. the stephens family and three others. the president talked about taking after those who were the perpetrators of these murders. that is something all americans ought to be able to rally around. where the president has not given any kind of clear articulation is where we go from here a
to simmer. it was not all good news. gdp growth cut from 1.7% to 1.3%. the commerce department saying revision in consumer spending, exports and inventory investment are still to blame. liz claman spending the day at the concordia summit in new york, so tell us who you will be talking to this hour. liz: big minus, have to tell you. pr
as possible so we can create commerce, which is what we are designed to do. for smaller banks, they don't participate, they do the basics and make it easier for them to do what they do best. tracy: dodd-frank causing small businesses, small banks 25% more than they need to. thank you for being with us and sharing your thoughts. >> thank you very much, and pleasure to be here. dennis: the check is not in the mail. u.s. postal service to default on a huge pension fund payment making it the second-largest payment in two months and has missed some $5.6 billion paying in to pre-fund retiree health benefits. the post offices in 25 early in dollars every day. 5 billion june quarter in the 1 billion pieces. closing small branches. tracy: the post office of the most beautiful buildings, prime real estate. dennis: taxpayers funding everything. tracy: maybe somebody will send a card. the nfl referees are ready for some football. the refs are back, and hopefully no snafus like this one on monday night. keep it right here, live coverage of the nfl news conference this hour. dennis: chase government
but they are not unheard of. frank nap, small be chamber of commerce, also someone who has been big nationally trying to represent small business interests. you say positively. do they say positively to in this administration? >> american sustainable business council is a coalition of over 50 organization, state and national that weapon help 50,000 -- that represent 150,000 small businesses. what we hear most pressing concern to a small business is fact we need more consumer demand. >> what does that mean? a lot of your colleagues have been saying, this president has not heard our pleas. >> i am not sure what pleas they are talking about. you heard earlier that obama administration has -- by 18%, and obama carry created a tax credit for small businesses, who' to offer he'll shumpg. health insurance, there are a number of things that obama administration is doing. we're saying is that our interest, do not match up with interest of big business, we speak for ourselves, we look at issues for what is going to impact small. we know if we can get more capital -- access to capital for small business, and al
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